Business

UBA, European Investment Bank Seal €60m Investment Deal

UBA, European Investment Bank Seal €60 million Investment Deal The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to private companies in …

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Over- Loaded Trucks: Governor Sani Bello Suspend N500m Rehabilitation Works on Minna- Suleja Road

Over- Loaded Trucks: Governor Sani Bello suspend N500m rehabilitation works on Minna- Suleja road Olabode Adaramola Niger State governor Alhaji Abubakar Sani Bello has called for an immediate suspension of the on going Minna- Suleja federal highways rehabilitation works by his government. Governor Sani Bello’s directive followed the activities of several over -loaded heavy duty trucks plying the road on …

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Senate kicks against N309bn electricity bond

Senate kicks against N309bn electricity bond The Senate on Tuesday urged the Federal Government to stop plans to raise a N309bn bond to finance electricity generation in the country to erase recorded shortfall in projected power availability. The senate said that the government should put the plan on hold pending conclusion of investigation into the matter by its committees on …

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Lagos boost security with plans to recruit 5000 neighhbourhood watchers

Akinwummi Ambode, Lagos State Gov. Lagos boost security with plans to recruit 5000 neighhbourhood watchers As part of plans to further boost security and make the state a safe heaven for life and business, Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday disclosed plans to recruit at least 5,000 Neighbourhood Watchers to boost security across the State. The new recruits …

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NSE Organises First Market Data Workshop  …Celebrates X-Gen at 3

   The Nigerian Stock Exchange (“The Exchange or NSE”) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, on Tuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos. The workshop aims to increase awareness on the critical role of Market Data in making sound investment decisions …

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NDIC to Extend Deposit Insurance Scheme

Barring any last minute change in decision, the Nigeria Deposit Insurance Corporation (NDIC) has said that it would soon extend its Deposit Insurance Scheme (DIS) course to other higher institutions of learning. NDIC’s Director of Administration, Mrs Christiana Efabor, said this in Abuja on Monday. Efabor stated that the corporation is working closely with the Nigeria University Commission (NUC) to …

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Iran to Partner with Niger on Agriculture, Mineral Resources Development

From Olabode Adaramola In a deft move to improve the internally generated revenue of Niger state through diversification, the state government is set to partner with the Islamic State of Iran. This partnership is on the heels of an invitation by the Iranian government to the state to develop its agriculture and mineral resources sectors, in the face of falls …

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Recession: Customs removes ban on importation of rice, import duty

Recession: Customs removes ban on importation of rice, import duty As the recession bites harder, the spokesperson of the Nigeria Customs Service, Wale Adeniyi, has revealed that the Comptroller-General of the body, Colonel Hameed Ali (rtd), has removed the ban on importation of rice. He also stated in an interview with the News Agency of Nigeria (NAN) that the import …

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